Holliday Fenoglio Fowler has arranged $180 million in financing for a joint venture between National Real Estate Advisors and its Boston-based development partner, The HYM Investment Group. The floating-rate loan through Oxford Properties Group will be deployed on One Congress Street and the Government Center Garage project. The mixed use scheme will feature an 11 story building with a 1,960-space parking garage, 202,854 square feet of office space and 23,212 square feet of retail. The HFF debt placement team was led by executive managing director John Fowler, senior managing director Riaz Cassum, director Jennifer Keller and associates Xave Jacoby and Chris Thomas.
“Over the next 10 years, the property will be the location of one of the largest and most exciting mixed-use developments in Boston, while providing unprecedented demand for parking,” Cassum said. “This financing represents the first step in a long-term development plan and the formation of a strategic lending relationship.”
